News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
In the news from CNNMoney: Dow rises as investors bet Great Britain will remain in the EU. Google’s new robot can wash dishes. NFL and Cirque du Soleil are teaming up. OPEC oil revenue falls to 10-year low. Zika vaccine makers stock is on fire. Asian millionaires ow the wealthiest […]
UFPI Gains 4.51 percent; MHCV Advances 2.36 Percent Read More
A new report from the Harvard University Joint Center for Housing Studies indicates home ownership rates have fallen over the last ten years to 63.7 percent, as Millennials continue living in their parents’ basements or are renting. MHProNews has leaned from washingtontimes that 36.4 percent of U.S. households opted to
Family Formation May Increase but Homeownership May Not Read More
Manufactured home producer Fleetwood Corp. in Western Australia has entered into a five-year agreement with NLV Group (National Lifestyle Villages) to supply them with manufactured homes for retirees. Fleetwood will produce the homes at its High Wycombe plant in Perth and install them in NLV communities across Western Australia. NLV
Australian MH Producer gets Five Year Deal Read More
As part of the USDA’s Rural Development Energy Efficient Manufactured Home Pilot Program, Dennis Miller is the first to purchase an energy efficient modular home, celebrating National Homeownership Day, in Putney, Vermont. Representatives of the USDA and Windham and Windsor Housing Trust (WWHT) were also in attendance. The program allows
USDA Offers Low Interest Loans for Manufactured Home Purchase Read More
With interest rates remaining low and unemployment slowly falling, U. S. existing home sales hit their highest pace in nine years last month, as sales rose nearly two percent from April to May to a seasonally-adjusted annual rate (SAAR) of 5.53 million, according to data from the National Association of
Existing Home Sales in U. S. Rise to Highest Pace in Nine Years Read More
MHProNews has learned from radionz.co.nz that the New Zealand government is contemplating building modular homes to meet the shortage of low-income housing in Auckland. Affordable Housing Minister Mrs. Paula Bennett said plans call for an initial round of 130-150 modular homes to determine if they meet the need. Housing New
New Zealand Considering Modular Homes to Meet Housing Shortage Read More
In the news from CNNMoney: When Congressmen demonstrated for gun control legislation on House floor, congressional leadership turned off C-SPAN cameras. Donald Trump says the whole economy is “rigged”. Rio gets huge Brazil bailout weeks before the Olympics. Ultrasonic dryer can dry your clothes in half the time. Eleven million
MHCV Closes up Just Under 1400; Dow, NASDAQ and S&P all Edge Down Read More
Following concerns expressed by manufactured home community (MHC) residents in Arcata, California regarding rising site rents, the Arcata City Council directed the Community Development Department to take a demographic survey of MHC residents as well as the history of rents. As times-standard tells MHProNews, Community Development Department specialist Mohamad Alnakhlawi
Arcata, CA Residents Concerned about Rents in MH Community Read More
Updating a story MHProNews last posted Aug. 28, 2015 regarding the closing of the Life O’ Riley manufactured home community (MHC) in Lansing, Michigan in 2014 after it was condemned, and subsequent forced removal of the residents because of unsanitary conditions, the MHC faced a deadline of June 18, 2016
Condemned Michigan MH Community Misses Deadline, Faces Demolition Read More
The head of the Consumer Financial Protection Bureau (CFPB) is now the target of television ads that allege Dir. Richard Cordray is going to run for governor of Ohio, and that the CFPB is seeking to limit arbitration clauses, which is seen as beneficial to plaintiff attorneys. MHProNews has learned
CFPB Director Richard Cordray Targeted in Ads Read More
Milwaukee’s most successful and oldest independent non-profit, Milwaukee Christian Center Neighborhood Improvement Project (MCC-NIP), the developer of 41 houses over the last decade that have been sold to low to moderate income homeowners, is building a modular four-bedroom, three-bath home. Funded by the Department of Housing and Urban Development (HUD),
Non-profit Building Modular Home in Milwaukee for Low-income Family Read More
In the news from CNNMoney: America’s upper middle class is thriving. Boeing deal will send 100 new jetliners to Iran. California faces summer blackout risk amid gas shortage. Voters trust Tumrp over Clinton on economy. Moody’s says Trump’s plan would cost 3.5 million jobs. Walmart buys stake in Chinese online
Skyline Gains +3.54%; Nobility Falls -3.57% Read More
A subsidiary of Universal Forest Products, Inc. (NASDAQ:UFPI) is acquiring Idaho Western, Inc., a Nampa, ID distributor of products for the manufactured home (MH) and recreational vehicle (RV) industries as well as for building materials retailers. UFPI’s Caldwell, ID facility, which also supplies wood and wood products to the MH
UFPI Acquires Distributor of Wood Products for MH Read More
An amendment sponsored by Rep. Chuck Fleischmann (R-Tenn) and passed by the House Appropriations Committee is designed to strengthen access to safe, affordable and available financing for manufactured homes while preserving important consumer protections, according to what the Manufactured Housing Institute (MHI) tells MHProNews. Passed by a bipartisan vote of
Appropriations Bill Amendment will Provide Access to MH Financing Read More
According to the 2016 U. S. Housing Forum report from Fitch Ratings, the housing market’s current upswing should last for two more years, as reported by nationalmortgagenews to MHProNews. Using single-family starts as a proxy for overall housing metrics, and calculating that single-family starts have risen in five of the
Housing Market has more Room for Expansion: Fitch Ratings Read More
MHProNews has learned from prnewswire that Elkhart-Indiana-based Patrick Industries, Inc. (NASDAQ:PATK) has completed the acquisition of Mishawaka Sheet Metal, LLC (MSM), also based in Elkhart for approximately $14 million. With revenues in 2015 of $28 million, MSM produces and distributes an array of aluminum and steel products for the recreational
Patrick Acquires Mishawaka Sheet Metal Read More
In the news from CNNMoney: Dow rallies as Brexit fears ease. NBA finals game 7 biggest in 18 years. India opens its door to Apple stores. The next president will likely face a recession. Resilient U. S. oil companies start pumping again. The latest benefits trend survey from the Society
Patrick Advances +3.02%; Dow Gains 129 Points Read More
In response to the Department of Energy’s proposed rules on energy standards for manufactured housing in the Federal Register, the Manufactured Housing Institute (MHI) says it worked closely with the DOE to try and avoid excessive costs to consumers that will outweigh benefits. The DOE based their recommendations on the
MHI and MHARR Respond Differently to DOE’s Proposed Energy Standards Read More
When first-grade teacher Deirdre Brackett of Sanford, New Hampshire retires she will move into a 196 sq. ft. tiny home she contracted with Sanford Regional Technical School in Sanford, Maine for the students to build the modular home, as journaltribune tells MHProNews. An average hotel room is 325 sq. ft.
Modular Tiny Home, 196 sq. ft., has All the Amenities Read More
While the Arizona Office of Manufactured Housing (MH) enforces the state’s manufactured home landlord-tenant act, it does not apply to rental homes. The city of Tucson does take care of MH rentals, having responded to about 20 calls this year regarding insufficient cooling, requiring owners to fix the problems, according
Manufactured Home Rentals in Arizona could be Troubling Read More
